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India's 66th Independence Day: Will Manmohan Singh Paint A Rosy Picture Amid Glaring Issues?

Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.

Stimulus Measure Hopes Lift US Stock Futures

Traders work on the floor of the New York Stock Exchange
U.S. stock index futures point to a higher open Tuesday amid hopes that central banks around the world will announce stimulus measures to boost the economy and regain the growth momentum.
A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi

ICICI Treads Cautiously on Return to Growth Path

With its once-sickly loan portfolio on the mend after several years of consolidation that saw it lose market share, ICICI is looking once again to grow faster than the industry - though more cautiously this time around.
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Nina Vs. Siri: Where Nuance Beats Apple

Nina Vs. Siri: Where Nuance Beats Apple

Siri's reputation is well-earned: But would you trust Siri, or any of her similar rivals out there for Android, to pay your bank bill? Nuance has clearly thought about what's missing from the voice recognition department, and unveiled its own solution on Monday, called "Nina." Apple's solution is better for casual users, while Nuance's solution is a must for business and customer service professionals.
Asian Markets

Asian Stocks Week Ahead: Investors To Focus On Chinese Data

Asian stock markets ended with gains last week as the speculation of further stimulus measures from the major central banks offered support. However, markets pared gains after policy makers in the U.S. and Europe failed to offer any new stimulus measures needed to bolster growth. Particularly, the lack of concrete new action by the European Central Bank weighed on the sentiment.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan’s Industrial Production Falls In June

Japan’s industrial output declined in June, which is the third consecutive month showing a fall, indicating that the weakening global demand and the debt burden faced by the euro zone are affecting the country’s economy.
Customers shop at Macy's department store in New York

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.

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